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Friday, February 13, 2015

Falling sector: Utilities

With the rumor of rate hikes, the utilities sector has taken a beating. I have already identified several names that I will be happy to own. However, they are still overvalued and I am still waiting on the sidelines. Utilities are only 1% in my portfolio so I am looking forward to add if possible.

PNY

SRE (way overpriced....), WEC, XEL, AVA, LNT, D, SO, NU, NEE, DUK

A lot of those listed above are still nose bleeding expensive compared to the index. Some like SO and AVA are approaching better values.